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Silicones: top exporters and importers (2024)

In 2024, world trade in silicones totaled $8.5 billion (1.5 million tonnes). The top exporters were Germany (20%), China (19%) and the United States (17%); the top importers were China (10%), the United States (9%) and South Korea (6%). Compared with 2019, the value rose 12%.

Summary

World trade
$8.5billion
Tonnes
1.5million tonnes
Price per tonne
$5,491
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$1.7 billion · 20.1%
  2. China$1.6 billion · 18.5%
  3. United States$1.4 billion · 16.6%
  4. Japan$915 million · 10.8%
  5. Belgium$387 million · 4.6%
    re-exports
  6. France$373 million · 4.4%
  7. South Korea$302 million · 3.6%
  8. United Kingdom$275 million · 3.2%
  9. Netherlands$272 million · 3.2%
    re-exports
  10. Thailand$268 million · 3.2%
  11. Italy$156 million · 1.8%
  12. Canada$133 million · 1.6%
  13. Spain$97 million · 1.1%
  14. India$86 million · 1%
  15. Taiwan$83 million · 0.98%
  16. Czechia$50 million · 0.59%
  17. Turkey$47 million · 0.56%
  18. Singapore$43 million · 0.5%
    re-exports
  19. Brazil$43 million · 0.5%
  20. Malaysia$25 million · 0.3%

Top importers

  1. China$824 million · 9.7%
  2. United States$721 million · 8.5%
  3. South Korea$519 million · 6.1%
  4. Germany$467 million · 5.5%
  5. Mexico$422 million · 5%
  6. Netherlands$380 million · 4.5%
    re-exports
  7. Italy$377 million · 4.4%
  8. India$358 million · 4.2%
  9. France$293 million · 3.5%
  10. United Kingdom$284 million · 3.4%
  11. Vietnam$247 million · 2.9%
  12. Brazil$222 million · 2.6%
  13. Turkey$194 million · 2.3%
  14. Japan$186 million · 2.2%
  15. Belgium$177 million · 2.1%
    re-exports
  16. Spain$171 million · 2%
  17. Malaysia$171 million · 2%
  18. Thailand$163 million · 1.9%
  19. Canada$148 million · 1.7%
  20. Taiwan$131 million · 1.6%

Trend

Who sells it

Germany has been the top exporter since 2023

Value in USD billions. The five largest exporters in 2024.

  • Germany 1.7
  • China 1.6
  • United States 1.4
  • Japan 0.92
  • Belgium 0.39

Source: CEPII BACI

Show the numbers
Country19952024
Germany0.561.7
China0.011.6
United States0.641.4
Japan0.350.92
Belgium0.190.39

Price

Implied price

The price per tonne rose 8% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $5,491

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$5,069
1996$4,822
1997$4,148
1998$4,133
1999$4,084
2000$3,779
2001$3,743
2002$3,550
2003$3,840
2004$3,926
2005$4,206
2006$4,380
2007$4,672
2008$5,236
2009$4,887
2010$5,536
2011$5,667
2012$5,356
2013$5,333
2014$5,583
2015$4,927
2016$4,962
2017$4,924
2018$5,867
2019$5,437
2020$5,047
2021$5,801
2022$6,950
2023$5,839
2024$5,491

What it includes

  • 3910 · Silicones

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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